Over five hundred members of IIA Qatar have been invited to a seminar to learn about one vital aspect of Risk Management - that of Fraud Risk. It has been estimated that a typical organization loses an estimated 5% of its annual revenue to fraud. Applied to the estimated world gross product, this gives a potential loss of more than US$2.9 trillion worldwide. The rapid growth of Qatar business could make it an unfortunate target for the unscrupulous and Internal Auditors in Qatar are a vital line of defence.
The seminar will be run by the recently established Doha member firm office of Protiviti, a global consulting firm that helps companies solve problems in finance, operations, technology, governance, risk, compliance and internal controls. It will cover fraud identification, prevention and measures that organisations can put in place to protect themselves.
"Protiviti experts help leading organisations around the world and we are delighted to share our international insights with Qatar's business community," said Andrew North, Managing Partner of Protiviti Qatar. "This is just one aspect of Risk Management which can lead to reputational as well as financial loss if left unchecked" continued North.
The Forensic team of Protiviti Middle East is led by Simon Padgett, a seasoned UK Forensic Accountant who will bring over 20 years of experience to the seminar. This includes advising companies across Middle East on identifying internal control gaps and improving their Fraud Risk standards.
"The IIA would like to thank Protiviti for holding this seminar. I urge IIA members to get great learning experience out of this seminar which is on a very pertinent topic in today's dynamic world," commented Mr. Hassan Al-Mulla, the President of IIA Qatar.
About the Institute of Internal Auditors, Qatar
The Institute of Internal Auditors (IIA) is internationally recognized as a trustworthy guidance-setting body. Serving members in 165 countries, The IIA is the internal audit profession's global voice, chief advocate, recognized authority, acknowledged leader, and principal educator.
About Protiviti Member Firm (Middle East region)
Protiviti's member firm in Qatar is a leading provider of internal audit, consulting, risk, technology and transaction services. The firm helps solve problems in finance, operations, technology, litigation, governance, risk, compliance and internal controls. Protiviti's highly trained, results-oriented professionals provide a unique perspective on a wide range of critical business issues for clients in the Americas, Asia-Pacific, Europe and the Middle East.
Through its network of more than 70 offices in over 20 countries, Protiviti has served more than 35 percent of FORTUNE® 1000 and Global 500 companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies. Protiviti has a strong presence in the GCC region with its member firm offices in Qatar, Abu Dhabi, Bahrain, Dubai, Kuwait, Oman and Saudi Arabia.
Protiviti is a wholly owned subsidiary of Robert Half International Inc. Founded in 1948, Robert Half International is a member of the S&P 500 index.
For further information please contact:
Girish Jain (girishvms@gmail.com), Institute of Internal Auditors, Doha, Qatar
© Press Release 2013
